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investment taxes and dividend taxes, which the romney campaign has said it wouldn't do. so, for those reasons, our verdict here is that it's false. you can't cut taxes and keep middle class deductions and cut tax as and keep lower rates on capital gains. the tax policy center says it can't be done, randi. >> what would the romney/ryan team have to do to make the math work? can it work? >> i asked that question this week to moody's analytics and this is what he said. >> romney campaign could adjust their plan. they could say, okay, i'm not going to lower tax rates as much as i'm saying right now and make the arithmetic work. but under the current plan with the current numbers, no, it doesn't. >> randi, we need more specifics awhat kind of tax breaks for the rich would be scaled back and what exactly the tax plan would look like and the campaign has said, randi, they want to work with congress on that. they don't have those details because that's something the administration and congress would do together. until then, they say you can't make the math work. >> specifics wou
investment taxes and dividend taxes, which the romney campaign has said it wouldn't do. so, for those reasons, our verdict here is that it's false. you can't cut taxes and keep middle class deductions and cut tax as and keep lower rates on capital gains. the tax policy center says it can't be done, randi. >> what would the romney/ryan team have to do to make the math work? can it work? >> i asked that question this week to moody's analytics and this is what he said. >> romney...
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is my middle class tax cut going away, is my home mortgage deduction going away. that matters. >> did he mention he dra so much water? look at the montage here of at least seven occasions, which is not a whole lot by any means where ryan keeps on gluging in a very nervous, repetitive way. it's always the same technique. the lean over, long stare into the cup, boom. i was amazed he kept it all in. what did you make of his extraordinary water intake? because joe biden didn't drink at all. >> i think staying hydrated is really important. yeah, i think that joe biden has been in politics forever. he's very comfortable in a debate setting. paul ryan is a younger guy and i think he did a really great job holding his own in a debate that was predominantly foreign policy which has been joe biden's kind of wheelhouse during his entire long career in politics. you know, for me, for paul ryan to hold his own in that kind of environment, even if he's got to drink a lot of water to kind of keep cool and just stay level-headed, i think he did a good job. i'm proud that paul rya
is my middle class tax cut going away, is my home mortgage deduction going away. that matters. >> did he mention he dra so much water? look at the montage here of at least seven occasions, which is not a whole lot by any means where ryan keeps on gluging in a very nervous, repetitive way. it's always the same technique. the lean over, long stare into the cup, boom. i was amazed he kept it all in. what did you make of his extraordinary water intake? because joe biden didn't drink at all....
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pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan had, which is what john f. kennedy had. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy gave you, and eliminating vouchers and credits, all the tax credits that have funneled money to the administration's friends, not help the economy. let's get rid of those kind of corrupt deductions and credits and raise some money at the same time, but net, it's going to be a revenue-neutral at worst or a tax cut. >> part of what happened in the first debate, i think, and this will run back into the tax issue, is that people saw mitt romney and someone thought, oh, he is not this scary person we've seen in the ads. he seemed reasonabl
pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan had, which is what john f. kennedy had. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and...
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on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a ll dollars will pay slightly more. the continueuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting only it. 120,000 families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next ten years. we want to extend permanently the middle class tax cut permanently, from the bush middle class tax cut. these guys won't allow us to. we say let's have a vote on the middle class tax cut and have a vote on the upper tax cut. let's vote on it. they're staying no. they're holding hostage the middle class tax cut to the super wealthy. on top of that, they've got another tax cut coming that'
on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the middle class will pay less and people making a ll dollars will pay slightly more. the continueuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. $800 billion of that goes to people making a minimum of $1 million. we see no justification, they're not asking for this continued tax cut or suggesting it. but my friends are insisting...
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i will not raise taxes on small business. i'll not raise tax on business. i'll not raise taxes on middle income people. i won't raise taxes at all on the american people. it's a very different approach. when the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and unamerican. they're about half as large as the ones he has put in place over each of the last four years. he said he was going to cut the deficit in half. he doubled it. there's no question if he was going to be re-elect, we would see trillion dollar deficits again and again and again. our marshall debt now is almost the same as our total economy, our gdp. this slows down the economy. it makes it harder for businesses to grow and hire more people and to raise wages. so unlike the president, when i finally get this shot, i will cap federal spending. i will cut federal spend and get us on track to a balanced budget. thereby other differences as well. the government is planning on through obama care cutting medicare for
i will not raise taxes on small business. i'll not raise tax on business. i'll not raise taxes on middle income people. i won't raise taxes at all on the american people. it's a very different approach. when the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and unamerican. they're about half as large as the ones he has put in place over each of the last four years. he said he was going to cut the deficit in...
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they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great, loving guy. always made people smile. you know, is not the kind of guy that people move him and said he would do something like this. >> i want to bring in cnn legal contributor paul cowen joining us from new york. paul, good morning. >> good morning, randi. >> the victim in this case is 18 years old. he was a college freshman. considering the circumstances, he was apparently, reportedly, make ed. wouldn't they have been able to see that he wasn't armed? i mean, why do you think it led to something like this? >> you know, randi, the early
they want the irs to tax them. plus, hear from the man planning a death-defying recordsetting jump from the edge of space. >>> a campus police officer shot and killed this 18-year-old freshman at the university of south alabama yesterday. school officials say gilbert collar rushed the officer several times and kept threatening him. he reportedly was make ed and abbinging eradically. his friends remembered a different student. >> you could ask anyone that knew him. he was a great,...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john king is focusing in on a key group of ohio voters who could decide the election. and forg funding big bird. what about joe biden's favorite ride? we're talking amtrak. we'll explain. stand by. you're in "the situation room." >>> with just 27 days to go until the election, democrats say mitt romney is running to the political center as fast as he can. among other things, they're pointing to romney's comments today about abortion. here's a quick snapshot. >> mitt romney said "there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda." and that statement doe
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john...
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i think it is important that we do focus on the so-called tax expenditures in the tax code. deductions and loopholes in the code. we need to reduce those, because if we do we're going to make the tax system fairer, easier to understand and ultimately lead to stronger growth. that's the right place to focus. the arithmetic doesn't work as it is right now. >> mark zandi, thanks so much. >> thank you. >> "starting point" back in a moment. oadway show megapixels place to sleep little roadster war and peace deep sea diving ninja app hipster glasses 5% cash back sign up to get 5% everywhere online through december. only from discover. and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. i didn't know this could happen so young. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. st
i think it is important that we do focus on the so-called tax expenditures in the tax code. deductions and loopholes in the code. we need to reduce those, because if we do we're going to make the tax system fairer, easier to understand and ultimately lead to stronger growth. that's the right place to focus. the arithmetic doesn't work as it is right now. >> mark zandi, thanks so much. >> thank you. >> "starting point" back in a moment. oadway show megapixels place to...
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even romney's taxes. because they feel inside the ryan camp it is of course going to be the kind of thing that vice president biden comes at him with because president obama got so much, flak, especially from democrats for not using some of his best arguments in there. >> they're expegting it this time around. back to anderson. >> actually, you're sending it back to me, soledad, but i want to thank dana for the excellent rk she just did. when i spoke with mitt romney earlier in the week, he tried to lower expectations for his running mates performance as for joe biden, his son, beau, is talking about his dad's plan to stay discipline ed tonight. stand by for cnn exclusive interviews. first though, this debate flashback. >>> you're the one that was making a comparison -- >> in 1988, during the campaign, quyale had been saying he had as much experience as jack kennedy did, so he was primed for that. >> senator, i served with jack kennedy. i knew jack kennedy. jack kennedy was a friend of mine. senator, you'
even romney's taxes. because they feel inside the ryan camp it is of course going to be the kind of thing that vice president biden comes at him with because president obama got so much, flak, especially from democrats for not using some of his best arguments in there. >> they're expegting it this time around. back to anderson. >> actually, you're sending it back to me, soledad, but i want to thank dana for the excellent rk she just did. when i spoke with mitt romney earlier in the...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> well, it may just be the vp debate. the second tier battle for the top ticket in the country, but tonight's debate between joe biden and paul ryan will unubtedly be watched by millions. and while some say a vp debate doesn't hold much sway, you just try telling that to the roughly 70 million people who watched the last vp contest on tv. it was back in 2008. vice presidential candidates joe biden versus sarah palin. >> nice to meet you. hey, can i call you joe? >> you can call me joe. >> thank you. thank you, gwen. thank you. thank you, thank you. >> say it ain't so, joe. there you go again pointing backwards again. you plefrsed your whole comment with the bush administration. >> say it ain't so, joe. i love that. as mentioned, 70 million people watched that debate. that's 10 million more than last week's
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> well, it may just be the vp debate. the second tier battle for the top ticket in the country, but tonight's debate between joe biden and paul ryan will unubtedly be watched by millions. and while some say a...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> ah, the bay area teams stay alive in baseball's playoff. we're going to start with oakland against detroit. ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night when he jumped at the wall and caught prince fielder's blast. take another look at it. there it is. the a's used great fielding and pitching to shut out the tigers, 2-0. the team will play game four of their series tonight. detroit leads 2-1. >>> the giants and the reds went to extra innings in cincinnati. reds' third baseman scott rolen bobbled a grounder. there it is, allowing buster posey to score. the giants took a 2-1 lead into the bottom of the tenth and then held on to win the game. the reds host the giants this afternoon, leading the series 2-1. >>> ben balt competes like any other boy, even com
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> ah, the bay area teams stay alive in baseball's playoff. we're going to start with oakland against detroit. ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night...
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on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the mide class will pay less and people making a million dollars will pay slightly more. let me give you one concrete example. the continuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. of the bush tax cuts for the wealthy, 800 million -- billion dollars of that goes to people making a minimum of a million dollars. we see no justification in these economic times for those and they're patriotic americans, they're not asking for this continued tax cut. they're not suggestg it, but my friends are insisting on it. 120,000 families, by continuing that tax cut, will get an additional $500 billion in tax relief in the next ten years. and their income is an average of $8 million. we want to extend permanently the middle class tax cut permanently, from the bush middle class tax cut. these guys won't allow us to. su know what they're saying? we say
on to taxes. if your ticket is elected, who will pay more and who will pay less in taxes, vice president? >> the mide class will pay less and people making a million dollars will pay slightly more. let me give you one concrete example. the continuation of the bush tax cuts, we're arguing the tax cuts for the wealthy should be allowed to expire. of the bush tax cuts for the wealthy, 800 million -- billion dollars of that goes to people making a minimum of a million dollars. we see no...
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lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. so what we're sayg is s >>et to lower tax rates across the board. here's why i'm saying this. >> i hope i'm getting a timed response. >> you'll get time. >> we want to work with congress on how best to achieve this. that means successful -- >> no specifics, again. >> what we're saying is lower tax rates 20%. start with the wealthy. work with congress. >> can you guarantee this math will add up? >> absolutely. >> six study advisory guaranteed. six study advisory verified this math adds up. >> vice president biden. vice president biden. >> let me translate. let me have a chance to translate. >> i'll come back in a second then, right? >> i was there when ronald reagan -- he gave specifics to what he was going to cut, number one, in terms of tax expenditures. number two, 97% of the small businesses in america pay less than -- make less than $250,000. let me tell you who some of those other small businesses are. hedge funds that ma
lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. so what we're sayg is s >>et to lower tax rates across the board. here's why i'm saying this. >> i hope i'm getting a timed response. >> you'll get time. >> we want to work with congress on how best to achieve this. that means successful -- >> no specifics, again. >> what we're saying is lower tax rates 20%. start with the...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. you can see. ds like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. 100% natural. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management everyone in the nicu, all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. if you're caring for a child with special needs, our innovative special care program offers strategies that can help. >>>
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. you can see. ds like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. 100% natural. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious....
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with th
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. >>> we start the second half of [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. a body at rest tends to stay at rest......
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here's the tax plan. fairer, flatter, simpler. more competitive tax code. broaden the base getting rid a lot of special interest deductions, a third of the tax code is known as tax expenditur. >> why couldn't paul ryan explain that 11 days ago? >> well, my guess is he could if he had had time but we did this in '03. it was done in the reagan administration. it was done under jfk. guess what? when you follow this recipe you get more jobs, more economic growth and more tax revenue that helps fight the deficit and that's in contrast to what the president is offering us which is another tax increase on small business, almost a million small businesses and costing 700,000 jobs and it's a real choice election coming the economy. not to mention the debt, not to mention foreign policy. >> okay. so congressman, let's just say on point with your guy. one thing we know is that romney and ryan say they'll reduce inco board, 20%. we have this graphic. you know, if you look at recent history, the reagan tax cuts, both coincided with massive growth of the national debt. t
here's the tax plan. fairer, flatter, simpler. more competitive tax code. broaden the base getting rid a lot of special interest deductions, a third of the tax code is known as tax expenditur. >> why couldn't paul ryan explain that 11 days ago? >> well, my guess is he could if he had had time but we did this in '03. it was done in the reagan administration. it was done under jfk. guess what? when you follow this recipe you get more jobs, more economic growth and more tax revenue...
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about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ] its lightweight construction makes it nimble... ♪ its road gripping performance makes it a cadillac. introducing the all-new cadillac xts. available with advanced all-wheel drive. [ engine revving ] it's bringing the future forward. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+. turn to senokot-s tablets. senokot-s has a natural vegetable laxative ingredient plus the comfort of a stool softener for gentle, overnight relief of
about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i was like, oh, okay. thanks a lot, president obama. r. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. ♪ [ male announcer ]...
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lower taxes, less regulation, balance the budget. these are things that make a difference. the other thing that romney will do that the president is not doing and simply, frankly, is incapable of doing, i served with him for two years in the u.s. senate. nice guy. talented. horribly partisan. what mitt romney will do as president is the same thing that ronald reagan did and, frankly, bill clinton did. hold your principles. be tough. in the end you know you have to negotiate, and that's the only way this country can move forward. that is what president romney will do, and that's the president that people saw potential president that people saw in the next president they saw debating the other night. >> governor strickland, the last few seconds to you. new polls in ohio, is it going to be a closer race than it has been when we see the results come out? >> of course, ohio cannot be taken for granted, candy, by any candidate or either political party. it will be a very close race. i believe because of the president's saving of the american auto industry, which, in fact is relat
lower taxes, less regulation, balance the budget. these are things that make a difference. the other thing that romney will do that the president is not doing and simply, frankly, is incapable of doing, i served with him for two years in the u.s. senate. nice guy. talented. horribly partisan. what mitt romney will do as president is the same thing that ronald reagan did and, frankly, bill clinton did. hold your principles. be tough. in the end you know you have to negotiate, and that's the only...
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on taxes. >> you can cut tax rates by 20%. and still preserve these important preferences for middle-class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: -- on medicare. >> they just allow medicare to bargain for the cost of drugs like medicaid can that would save $156 billion right off the bat. >> it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look weak, our adversaries are much more willing to test us, they're more brazen in their attacks and our allies are less willing -- >> with all due respect that's a bunch of malarkey. >> reporter: the vice president appeared determined to make up for president obama's mistakes last week. almost imediately launching the attack lines obama never used in his debate. >> it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my neighbors, they pay more effective tax than governor romney pays in his federal income tax. >> reporter:
on taxes. >> you can cut tax rates by 20%. and still preserve these important preferences for middle-class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> reporter: -- on medicare. >> they just allow medicare to bargain for the cost of drugs like medicaid can that would save $156 billion right off the bat. >> it would deny seniors choices. >> reporter: on the president's foreign policy. >> when we look weak, our...
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broadening the tax base works. and you can -- >> but i have to -- >> no, let me -- >> you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> so i would say those are going to be the big challenges, right? >> oh, i think so. i mean, i think if you start with vice president biden, you know, the gaffe that you played was kind of humorous, but he's had some serious gaffes, particularly -- >> we had a lot to pick from, you're absolutely right. there was not a shortage. >> yeah, yeah, i mean, starting at the top of that list was his description of barack obama as the clean-looking black man. i mean, all of those gaffes can add up. and if he feels the weight of the world on his shoulders, that he's the person who has to turn the momentum of the campaign, i think that's an awful lot of pressure to put on the vice president. >> but for paul ryan, i think the lack of math, and i think some of what has come back to mitt romney has been, sort of, okay, what are t
broadening the tax base works. and you can -- >> but i have to -- >> no, let me -- >> you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> so i would say those are going to be the big challenges, right? >> oh, i think so. i mean, i think if you start with vice president biden, you know, the gaffe that you played was kind of humorous, but he's had some serious gaffes, particularly -- >>...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> today is national coming out day, and we want to talk to a man who came out but only as an experiment. because he's actually straight. his name is tim cureic. wrote about his experience in a book called "the cross in the closet" joining me from seattle. thank you so much for joining us. may i call you tim? >> yeah. that's great, don. >> so you are a christian conservative. what motivated you to explore life as a gay man? why did you do t
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. by the armful? by the barrelful? the carful?...
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will go to the tax man. and what is that? what is that $1,000 over the year? well, it is basically like six lattes at starbucks a week. a week. or five gallons of regular unleaded gas or 15 dozen eggs or seven gallons of orange juice. but it means that less money this paychecks to spend and that is one little part of the complicated tax structure and all of the difficult questions that we have right now that is looking pretty certain. it is looking pretty certain that payroll tax holiday is going away. randi. >> and all of those things that you show there affects a whole lot of people. who is going to give up the starbucks or the eggs or the orange juice in these are important things. >> yes, and you have to dig a little deeper next year for sure. >> all right. christine, thank you very much. >> no photo, no vote. that is the law in lots of states, but it has not ended the debate. we are focusing on voter i.d.s this morning and we have both sides of the argument. i'm with sandra who just got these great glas
will go to the tax man. and what is that? what is that $1,000 over the year? well, it is basically like six lattes at starbucks a week. a week. or five gallons of regular unleaded gas or 15 dozen eggs or seven gallons of orange juice. but it means that less money this paychecks to spend and that is one little part of the complicated tax structure and all of the difficult questions that we have right now that is looking pretty certain. it is looking pretty certain that payroll tax holiday is...
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the people in the neighborhoods i grew up in. 82% of them paid their payroll taxes and other taxes at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans fighting and military personnel fighting now. that's the 47%. >> now wolf one thing we did note missing from his remarks libya. no mention of libya. of course that's the big controversy today because last night during the debate the vice president said he did not know about this request for additional security in benghazi. well, today mitt romney on the campaign trail in richmond, virginia leveled this criticism against him saying he's "doubling down on denial." >> thanks very much, dan lothian at the white house. let's go a little further right now on libya and what's going on. it's a controversy that is clearly still swirling after the debate. and it concerns the obama administration's handling of the attack on the u.s. consulate in benghazi. paul ryan was quick to pounce on that in the debate. vice president biden didn't provide very
the people in the neighborhoods i grew up in. 82% of them paid their payroll taxes and other taxes at an effective rate higher than romney pays his taxes. over 10% of them are senior citizens on social security. the rest are disabled vets and veterans fighting and military personnel fighting now. that's the 47%. >> now wolf one thing we did note missing from his remarks libya. no mention of libya. of course that's the big controversy today because last night during the debate the vice...
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i know but -- >> he's the governor, health care and obesity are important issues, overweight people tax the system much like smokers, is that an issue? >> the fact that he came out and became vulnerable is really what it's about and would have earned him those votes. look at obama telling america, i'm going to quit smoking for you, i'm going to work for it. michelle saying, watch him, let me know how he's doing. so i think the point is, we all have foibles. but when you talk about, you asked earlier about a politician potentially using drugs and alcohol. those kinds of chemicals affect their judgment and their decision-making ability when they have to make public policy, don. >> good point. >> that's a little different than someone reading the news and being judged for what she looks like, instead of how she thinks and what she does. >> go ahead, emme. >> absolutely, i agree with you, doctor. i think we have to take a look at this. the people who are larger in this country, it is the last laugh. it is the joke that's acceptable. it is truly -- there are children that are committing suic
i know but -- >> he's the governor, health care and obesity are important issues, overweight people tax the system much like smokers, is that an issue? >> the fact that he came out and became vulnerable is really what it's about and would have earned him those votes. look at obama telling america, i'm going to quit smoking for you, i'm going to work for it. michelle saying, watch him, let me know how he's doing. so i think the point is, we all have foibles. but when you talk about,...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? capella unersity understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll have the knowledge to go further in your career than you ever thought possible. let's get started at capella.edu >>> death toll in the men ninlg jits outbreak is growing. the cdc saying 12 people are dead. 119 people are infected with cases now reported in ten states. but it turns out some experts have been sounding the alarm over contaminated medications for years, even within the fda. elizabeth cohen joins us live from atlanta. elizabeth, you spoke to a former fda employee. what is she saying? >> she is
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? capella unersity understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back,...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private flight from the international space station. >> liftoff of the space x falcon 9 rocket. launching dragon to the international space station and returning cargo -- >> the unmanned capsule called dragon is on its way to the space station after separating from its rocket. it's carrying 1 240us pounds of cargo. the company has been contracted by nasa to fly a dozen flights to resupply the space station. >>> fearless felix, he is also known as felix baumgartner, and he has gotten to be pretty fearless. he actually is going to jump out of a balloon. this is 23 miles above the earth. this is exactly
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. zoirchgs a space rocket blasted off from cape canaveral last night launching the fist private...
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, no matter what moderate mitt says, if you lower taxes on the wealthy -- you can't lower taxes on everybody and generate the same amount of revenue. somebody has to pay more. >> we think abortion may come up. what paul ryan said when he was asked about abortion, he said i'm sure you'll find out in these debates. so let's backtrack a little bit here and let's play what mitt romney said about abortion. >> do you intend to pursue any legislation specifically regarding abortion? >> there's no legislation with regards with abortion that i'm familiar with that would become part of my agenda. >> that was tuesday, mitt romney in an interview with the des moines register. here is what he said on witness. >> i think i've said time and again, i'm a pro life candidate, i'll be a pro life president. the actions i'll take immediately are to removed funding for planned parenthood. it will not be part of my budget. >> will he or won't he? will there be legislation on abortion. how do you think that will play out for him? >> i think there are two different things, i think the operative word in the question
, no matter what moderate mitt says, if you lower taxes on the wealthy -- you can't lower taxes on everybody and generate the same amount of revenue. somebody has to pay more. >> we think abortion may come up. what paul ryan said when he was asked about abortion, he said i'm sure you'll find out in these debates. so let's backtrack a little bit here and let's play what mitt romney said about abortion. >> do you intend to pursue any legislation specifically regarding abortion?...
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that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stuck stuck speech. he has a five-point stump speech. the first four points are absolutely identical to obama's stump speech. 2, dough mess tech energy, 3, retraining programs, four, domestic. on five they differ. i've long argued that romney is an intelligent man trapped in a party that has forced him to embrace extreme and i
that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you know, who knew he was driving our deficit? so we're going after -- he's decided we're going after big bird and elmo's making a run for the border and oscar's hiding out in the trash can and governor romney wants wall street to run wild again but bring down the hammer on sesame street. look, that is not leadership. that's salesmanship. we can't afford it. we can't afford to double down on top down economics. we can't afford another round of tax cuts for the wealthy. we can't afford to roll back regulations on wall street banks or on insurance companies. we can't afford to
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he's asked how he'll cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he's been saying every time he's asked the question. well, we can cut out pbs. so for all you moms and kids out there, don't worry. somebody's finally getting tough on big bird. you...
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and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of making up that difference. will it? >> you can't say for sure. good tack policy matters. not the only thing that matters, and you have to have disciplined economic policy. we have a serious threat to the economy from existing and projected debt, it's different from the era of ronald reagan, that debt is not being driven by annual decisions, it's being driven by large, entitlement spending programs. you can't just do it with taxes, you have to pair it with real aggressive entitlement reform. honestly, one more thing. little changes matter. and people don't appreciate it. first 200 years of u.s. existence,
and we need to have tax reform, and we have to have tax reform that raises enough revenue to lower tax rates and go to reducing future budget deficits. if we don't get budget deficits down, lower tax rates won't help us get the economy going. >> do you think it's fair to say -- romney/ryan say a 3% growth is reasonable. do you think it is. for any of this math to work out. the argument of whether they can cut taxes and close loopholes, they are counting on economic growth to be part of...
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and now another reality check on mitt romney's tax plan. >> they fought a lot about the romney tax plan. ryan said you could have 20% income tax rate cuts across the board, remain deficit neutral without eliminating deductions that benefit the middle class. listen. >> you can cut tax rates by 20%. >> not mathematically possible. >> it is mathematically possible. >> the facts, nonpartisan tax policy center says given what we know about romney's plan, it's not possible to cut rates as much as he would like without eliminating deductions that would affect the middle class. you can't dot without changing rules on taxes, which the romney campaign said it will not do. our verdict here is false according to the tax policy center, this cannot be done. another subject, the auto bailout. the vice president made the claim that mitt romney said let detroit go bankrupt. >> we immediately went out and rescued general motors, went ahead and made sure we cut taxes for the middle class. in addition to that, when that occurred, what did romney do? romney said, no, let detroit go bankrupt. >> romney penne
and now another reality check on mitt romney's tax plan. >> they fought a lot about the romney tax plan. ryan said you could have 20% income tax rate cuts across the board, remain deficit neutral without eliminating deductions that benefit the middle class. listen. >> you can cut tax rates by 20%. >> not mathematically possible. >> it is mathematically possible. >> the facts, nonpartisan tax policy center says given what we know about romney's plan, it's not...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. a
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. how do you get from here... let's say you want to get ahead in your career. to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. in fact, by thinking about where you want your education to lead, while you're still in school, you might find the best route leads somewhere you weren't even looking. let's get to work. >>> i'm frederica wit field in for suzanne malveaux. we're focussing on mitt romney's changing stance on a
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a...
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lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at the high end. those are principles which form the bases of what i would do with
lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two,...
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must be relieves, 47% and taxes came up. vice president seemed very ayes, sirrive at times, were you concerned he was overcompensating for the president's performance. >> not at all. it was a divisive win for the obama/bid obam obama/biden campaign. ryan was on defense most of the night. in terms of biden being aggressive, joe biden is authentic. he says what he means, does what he says. spoke with conviction tonight. he cares about what he's saying and that showed. that came across to the american people. >> now, congressman ryan also made the case that this has been a negative campaign and he got some points in. are you convinced that there will be a difference showing up at the polls in the coming days? >> very little movement in the polls in the last week. >> a slide for you guys. >> a slight movement. this is a close race. we said it would be a close rate up to the end. these debates important. people are starting to make decisions. tonight, two very, very different visions, the difference between lifetime of fighting f
must be relieves, 47% and taxes came up. vice president seemed very ayes, sirrive at times, were you concerned he was overcompensating for the president's performance. >> not at all. it was a divisive win for the obama/bid obam obama/biden campaign. ryan was on defense most of the night. in terms of biden being aggressive, joe biden is authentic. he says what he means, does what he says. spoke with conviction tonight. he cares about what he's saying and that showed. that came across to...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] gly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ >>> welcome back to "starting point." clint eastwood's address raised eyebrows because of this scene when he was talking to an empty chair. the empty chair represented president obama. this week's cover of "the new yorker" picks up on the performance agai
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl...
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we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do you think it is? because for in of this math to work out and this whole argument everybody's having about whether they can cut taxes and close enough loopholes, they are counting on economic growth on being part of making up that difference. will it? >> you can't say for sure because good tax policy does t matter. t not the only thing going on out there and you would have to have a displn palestinianed, economic policy. we have a serious threat to the economy from existed and projected debt. it is different from the era of reagan in that debt is not being driven by annual decisions made by congress, which are easy to change. if you want to have a successful road package, you can't just -- you have to pair it with entitlement reform. one more thing. l
we need to have tax reform, but we need tax reform that raises enough revenue to lower tax rates and also goes to reducing future budget deficit because if we don't get the deficits down, lower tax rates aren't going help us. >> and doug, do you think it's fair to say, romney ryan have been saying they think a 3% growth is reasonable. do you think it is? because for in of this math to work out and this whole argument everybody's having about whether they can cut taxes and close enough...
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. >> to go ahead on that, a woman who wanted to be tax free bequeathment of her inherit answer -- it's a sweeping change of proposition eight. i'm flat out of time because we had such breaking news with jerry sandusky, i could talk to you until the cows come home. thank you for talking to us again, and good luck with the documentary. >> wonderful, i'll see you next time. >> i hope so. i'd like to be in one of your sermons one day, you'll have to get me out there. >>> the economy is starting to turn around. did you know that four legged friends may have something to do with it? ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or
. >> to go ahead on that, a woman who wanted to be tax free bequeathment of her inherit answer -- it's a sweeping change of proposition eight. i'm flat out of time because we had such breaking news with jerry sandusky, i could talk to you until the cows come home. thank you for talking to us again, and good luck with the documentary. >> wonderful, i'll see you next time. >> i hope so. i'd like to be in one of your sermons one day, you'll have to get me out there. >>>...
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i think it's fair to say more specific than on the tax plan. and he's come out and said he's going to increase spending from where it is significantly. i'll throw it up on the screen. that's a pretty incredible number. all right. barack obama's budget according to his plan would be $605 billion. that's pretty amazing. are you more like in the obama camp is what i'm getting? >> what i would say is the same thing i say to liberals. can't always make education better by throwing more money at it. depend our vital interests, but let's not be everywhere all the time. let's no decide every war is something that u.s. dollars as well as soldiers have to participate in. so i do object to it. i'm concerned that you know, we could be at war with syria even before the election occurs. if things escalate across turkey's border. you have the head of nato now says that if turkey's attacked, all of a sudden, nato's mite will be involved in this war and i think for a border skirmish between syria and turkey, where syria's government is very weak and destabilize
i think it's fair to say more specific than on the tax plan. and he's come out and said he's going to increase spending from where it is significantly. i'll throw it up on the screen. that's a pretty incredible number. all right. barack obama's budget according to his plan would be $605 billion. that's pretty amazing. are you more like in the obama camp is what i'm getting? >> what i would say is the same thing i say to liberals. can't always make education better by throwing more money...
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cut plan that would increase taxes on the middle class. he wouldn't make abortion he said he would be delighted to sign a bill that would ban abortions if congress sent it to him. mitt romney has campaigned as a severely conservative candidate for president. now that he knows that those -- he is trying to hide who he is and what he stands for. there is a lot of anger building now about the issue of trust. what do you make of that? it was clumsily handled? should heads roll? >> president obama knew ambassador stephens. he was so appreciative of his work. that diplomatic core works for him. >> it is not about mitt romney and what he did which -- >> or my colleagues in congress. >> that was in appropriate. >> in the sense of blaming the video. >> piers -- >> it was more likely to have been a terrorist attack. >> i can't believe you would suggest that. it was very unclear what happened and the main thing was to make sure rather than make snap judgements that we take a step back and make a full investigation. >> do you accept that, that embass
cut plan that would increase taxes on the middle class. he wouldn't make abortion he said he would be delighted to sign a bill that would ban abortions if congress sent it to him. mitt romney has campaigned as a severely conservative candidate for president. now that he knows that those -- he is trying to hide who he is and what he stands for. there is a lot of anger building now about the issue of trust. what do you make of that? it was clumsily handled? should heads roll? >> president...